Poland’s GDP expanded by 2.7% year-on-year in the third quarter of 2024, slowing from 3.2% growth in the previous quarter, in line with preliminary estimates. The slowdown was driven by a 4.4% rise in domestic uses, slightly below the 4.8% growth recorded in the second quarter of 2024, alongside a negative foreign trade balance. Final consumption expenditure grew by 1.3%, down from a 6.2% increase in the previous quarter, while household consumption rose by just 0.3%, a sharp slowdown from the 4.6% gain in Q2. Gross capital formation rose 20.0%, rebounding from a 1.8% decline in the prior quarter, while gross fixed capital formation edged up by 0.1%, slowing from 3.2% growth in Q2 2024. On a seasonally adjusted quarterly basis, the economy contracted by 0.1%, slightly less than initially estimated, following a downwardly revised 1.2% growth in the second quarter. source: Central Statistical Office of Poland (GUS)

The Gross Domestic Product (GDP) in Poland expanded 2.70 percent in the third quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Poland averaged 3.96 percent from 1995 until 2024, reaching an all time high of 12.30 percent in the second quarter of 2021 and a record low of -7.80 percent in the second quarter of 2020. This page provides - Poland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Poland GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

The Gross Domestic Product (GDP) in Poland expanded 2.70 percent in the third quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Poland is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 3.30 percent in 2025 and 2.70 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-14 09:00 AM YoY Prel Q3 2.7% 3.2% 2.7% 3%
2024-11-28 09:00 AM YoY Final Q3 2.7% 3.2% 2.7% 2.7%
2025-02-13 09:00 AM YoY Prel Q4 2.7% 2.8%


Related Last Previous Unit Reference
Full Year GDP Growth 0.20 5.30 percent Dec 2023
GDP Growth Rate YoY 2.70 3.20 percent Sep 2024
GDP Constant Prices 867705.90 836505.30 PLN Million Sep 2024
GDP from Agriculture 24322.20 23171.90 PLN Million Sep 2024
GDP from Construction 53233.00 55198.50 PLN Million Sep 2024
GDP from Manufacturing 167222.50 178963.50 PLN Million Sep 2024
GDP Growth Rate -0.10 1.50 percent Sep 2024
Gross Fixed Capital Formation 141984.40 132475.90 PLN Million Sep 2024

Poland GDP Annual Growth Rate
Poland’s 38-million consumer market is one of the biggest in Europe. Poland's main industries are: food and beverage processing, shipbuilding and the manufacture of machinery, iron and steel products, chemicals, glass and textiles. On the expenditure side, household consumption is the main component of GDP and accounts for 60 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (18 percent). Exports of goods and services account for 47 percent of GDP while imports account for 46 percent, adding 1 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
2.70 3.20 12.30 -7.80 1995 - 2024 percent Quarterly
NSA


News Stream
Poland Q3 GDP Growth Confirmed at 2.7%
Poland’s GDP expanded by 2.7% year-on-year in the third quarter of 2024, slowing from 3.2% growth in the previous quarter, in line with preliminary estimates. The slowdown was driven by a 4.4% rise in domestic uses, slightly below the 4.8% growth recorded in the second quarter of 2024, alongside a negative foreign trade balance. Final consumption expenditure grew by 1.3%, down from a 6.2% increase in the previous quarter, while household consumption rose by just 0.3%, a sharp slowdown from the 4.6% gain in Q2. Gross capital formation rose 20.0%, rebounding from a 1.8% decline in the prior quarter, while gross fixed capital formation edged up by 0.1%, slowing from 3.2% growth in Q2 2024. On a seasonally adjusted quarterly basis, the economy contracted by 0.1%, slightly less than initially estimated, following a downwardly revised 1.2% growth in the second quarter.
2024-11-28
Polish GDP Growth Slows Slightly
The Polish GDP grew by 2.7% from the previous year in the third quarter of 2024, slowing from the 3.2% expansion noted in the earlier period, according to an initial estimate. It was the fifth consecutive quarter of annual GDP growth. Despite the slowdown, the growth rate remained above the average since the Russian invasion of Ukraine in 2022 triggered an energy crisis and a sharp depreciation of the zloty. However, the GDP contracted by 0.2% from the previous quarter on a seasonally adjusted basis, trimming the 1.5% surge in the second quarter, to mark the first contraction since the second quarter of 2023.
2024-11-14
Poland Q2 GDP Growth Confirmed at 3.2%
Poland’s GDP grew 3.2 percent year-on-year in the second quarter of 2024, in line with the preliminary estimate and accelerating from a 2 percent expansion in the previous quarter. This was the strongest economic growth since the third quarter of 2022, as household consumption increased (4.7 percent vs 4.6 percent in Q1), as well as the gross fixed capital formation (2.7 percent vs -1.8 percent). Additionally, foreign demand contributed positively to GDP as exports and imports rose by 3.4 percent and 5.4 percent, respectively. Meanwhile, public demand slowed (10.7 percent vs 10.9 percent). On a seasonally adjusted quarterly basis, the economy expanded 1.5 percent, aligning with earlier estimates and following an upwardly revised 0.8 percent growth.
2024-08-29